Flutter Entertainment (FLTRF.L, FLTR LN)
PLEASE NOTE THAT DUE TO THE ANNOUNCEMENT OF AN EQUITY RAISE BY FLUTTER ENTERTAINMENT, DAVY IS NOW IN A PERIOD OF ORDINARY COURSE RESEARCH. RESTRICTIONS THEREFORE APPLY TO OUR RESEARCH COVERAGE. Flutter Entertainment is a leading international sports betting and gaming operator. It offers an online and retail proposition via a range of leading local brands, including Paddy Power, Betfair, FanDuel, TVG, Sportsbet and Adjarabet. It does so across four key divisions - Online, Australia, US, Retail. In 2019, we estimate revenues were STG2.1bn and EBITDA (pre-IFRS16) was STG390m. The recently announced acquisition of The Stars Group enhances the group's position and is expected to be at least 50% accretive to underlying diluted EPS in the first full year post completion.
|Capital Group Companies||17.0|
|Parvus Asset Mgmt||8.9|
|MFS Investment Mgmt||3.9|